Two nonfungible token artists have filed a complaint against the U.S. Securities and Exchange Commission, asking a federal district court in New Orleans to clarify whether NFTs fall under the jurisdiction of Wall Street’s largest regulator as unregistered securities.
David Patrón, a partner at the Am Law 200 firm Phelps Dunbar in its New Orleans, Louisiana office, and Jason Gottlieb, a partner at Morrison Cohen in its New York office, represent the plaintiffs, law professors Brian Frye and Jonathan Mann, against the SEC.
![Jason Gottlieb.](https://images.law.com/contrib/content/uploads/sites/398/2024/07/Gottlieb-Mix-Vert-202407301002.jpg)